Legal Opinion
Farmers' & Merchants' Bank of Catlettsburg, KY. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided June 27, 1932No. 5973PublishedCited by 48 opinions
1Opinion of the Court
HICKS, Circuit Judge.
Petitioner, a corporation, was engaged in the banking business at Catletisburg, Ky., and within the district of the Federal Reserve Bank of Cleveland, Ohio. It was the custom of petitioner to make a charge for the collection of checks on foreign banks and of checks drawn on it and sent from other hanks. Petitioner was not a member of the Federal Reserve System so that cheeks drawn on it instead of being cleared through the Reserve Bank were sent direct to petitioner by the holding bank and paid by drafts on Cincinnati or New York.
In 1920 the Reserve Bank demanded that…
2Cases cited4 opinions
- Central Coal & Coke Co. v. HartmanCourt of Appeals for the Eighth Circuit · 1901
- A. Harris & Co. v. LucasCourt of Appeals for the Fifth Circuit · 1931
- Yates v. Whyel Coke Co.Court of Appeals for the Sixth Circuit · 1915
- Strother v. CommissionerCourt of Appeals for the Fourth Circuit · 1932
3Cited by48 opinions
- Raytheon Production Corp. v. Commissioner of Int. Rev.Court of Appeals for the First Circuit · 1944
- Robinson v. CommissionerUnited States Tax Court · 1994
- United States v. Dorothy R. GarberCourt of Appeals for the Fifth Circuit · 1979
- Durkee v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1947
- H. Liebes & Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1937
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